about carter's
esg governance
Board Oversight
Our Board of Directors provides oversight of the management team and our business. Ten out of the eleven members of our Board are independent. The Nominating and Corporate Governance Committee provides oversight of the Company’s environmental, social, and governance (ESG) initiatives through quarterly or more frequent progress reviews. These reviews include assessments of ongoing efforts related to topics such as climate change management, regulatory compliance, global supply chain compliance, diversity and inclusion (D&I), and product sustainability.
Board of Directors
Management Oversight
Our SVP, General Counsel, Secretary, CSR, and Chief Compliance Officer, who reports directly to our CEO, has responsibility for the Company’s ESG, D&I, and Compliance programs.
Artificial Intelligence
Our Board of Directors, together with our Audit Committee, provides oversight of risks related to artificial intelligence (AI) and periodically reviews those risks. We commit to employing AI in a manner that respects human dignity, rights, and freedoms. Our use of AI fully complies with applicable legal authorities and with policies and procedures that protect privacy, civil rights, and civil liberties. We employ mechanisms to define responsibilities and provide accountability for the use of AI and its outcomes and take affirmative steps to identify and mitigate bias.
2024 ESG-related Annual Management Cash Incentive:
Expanding multicultural customer acquisition for fiscal year 2024
ESG Roles and Responsibilities
Board of Directors
Nominating and Corporate Governance Committee
Oversees the Company’s ESG initiatives through quarterly reviews of climate plans and other key issues
Board of Directors
Nominating and Corporate Governance Committee
Oversees the Company’s ESG initiatives through quarterly reviews of climate plans and other key issues
ESG
Council
Formulates and oversees ESG goal-setting and key initiatives through cross-functional collaboration
D&I Steering Committee
Provides business insights and initiatives that support our D&I strategy
Compliance Committee
Supports ethical operations in accordance with applicable laws, rules, and regulations (including proactive monitoring)
Sustainability and CSR Departments
Manage and implement ESG strategies and programs, work across the organization to develop strategies and goals approved by the ESG Council, and oversee priority ESG initiatives
raise the future: our esg strategy
our esg strategy
Carter’s is dedicated to contributing to a world where all families with young children can grow and thrive. Our Raise the Future strategy reflects our commitments to provide more sustainable product offerings, reduce our carbon footprint, and uplift our workers and communities.
In partnership with a third-party firm, Carter’s conducted an ESG-focused materiality assessment that concluded in 2024. Through surveys and interviews, we engaged internal and external stakeholders to help us refine priorities and advance progress toward our strategic ESG pillars of Product, Planet, and People. Our holistic approach drives value by reducing risk, increasing efficiency, and enhancing resilience.
The following topics surfaced from our latest materiality assessment. We plan to conduct similar assessments every two years.
- Consumer Behavior
- Ethical Conduct
- Human Rights and Responsible Sourcing
- Product Quality and Safety
- Raw Materials Sourcing
- Supply Chain Resilience
Over the past several months, we engaged with outside industry experts to conduct a comprehensive assessment of our business. This review has highlighted many strengths, including our brand assets, significant equity with consumers, and the unique reach of our multi-channel business model. The work identified several opportunities to improve the focus and appeal of our product offerings and further integrate our ESG strategy within the overall company strategy in ways designed to capture new customer segments and market share while advancing our sustainability goals.
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